Schedule 500AC Affiliated Corporations Consolidated and Combined Filers - Virginia

What Is Schedule 500AC?

This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Schedule 500AC?
A: Schedule 500AC is a tax form used by affiliated corporations in Virginia.

Q: Who needs to file Schedule 500AC?
A: Affiliated corporations in Virginia who are required to file a consolidated or combined tax return need to file Schedule 500AC.

Q: What is the purpose of Schedule 500AC?
A: The purpose of Schedule 500AC is to calculate the consolidated or combined income tax liability for affiliated corporations in Virginia.

Q: What information is required on Schedule 500AC?
A: Schedule 500AC requires information about the affiliated corporations, their income, deductions, and apportionment factors.

Q: When is Schedule 500AC due?
A: The due date for Schedule 500AC is the same as the due date for the consolidated or combined tax return, which is generally the 15th day of the fourth month after the end of the tax year.